There are actually two versions of this statistic; one, denoted W, represents Clerical Workers and Urban Wage Earners, while the other, denoted U, also incorporates a "Chained" version. Computed by the Bureau of Labor Statistics, it groups items into eight major categories, such as Housing, Transportation, and Food and Beverages. Thought it does no
There are actually two versions of this statistic; one, denoted W, represents Clerical Workers and Urban Wage Earners, while the other, denoted U, also incorporates a "Chained" version. Computed by the Bureau of Labor Statistics, it groups items into eight major categories, such as Housing, Transportation, and Food and Beverages. Thought it does not include non-economic factors such as safety, it is often referred to as a cost-of-living index. For 10 points, name this statistic that computes the price of a representative "basket" of goods bought by consumers, which can therefore be used as a measure of inflation.
There are actually two versions of this statistic; one, denoted W, represents Clerical Workers and Urban Wage Earners, while the other, denoted U, also incorporates a "Chained" version.
{Consumer Price} Index [or {CPI} ]